Controversy Over Repurchase Rights
After the sale of Skype to Microsoft in 2011, Silverlake was accused of unfairly depriving an employee of an options windfall. At issue was an obscure clause in the Skype employee stock option grant agreement. The repurchase right gave Skype the authority to buy back shares at the grant price, when an employee left the company, even when those shares were vested.
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